Health care finance- final exam.

timer Asked: Dec 14th, 2018
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This is a final exam for Health care finance and economic class. All instructions in the attached file. The book is:

  1. Robert H. Lee. Economics for Healthcare Managers. 3rd ed.

I have access to an ebook on Vitalsource,

Thank you.

HCA 320 – Final Exam – Fall 2017 • • • • • • • • This is a short essay exam, meaning one to two paragraphs in an answer (Apx. 200 to 250 words including references). Respond to each question demonstrating aspects learned in this course. Be clear in your definitions, complete your explanations, and use appropriate examples. The exam is to be completed individually without collaboration between students. Enter your answers through the Blackboard access portal as you have done all semester. If you do not complete the exam in one sitting, be sure to save your work before exiting. Source your textbook and/or one or more outside sources for every question. The tools of analysis in the syllabus may be helpful to you (optional). Health care costs a lot. This is the reality, but why? Describe not only the growth in the medical costs for a family of four but also offer three reasons for this growth that you have learned throughout the course, note source references where appropriate. What is the nature of the financial problems caused by childhood obesity in the US? What can be reasonably done to deal with these costs? National health care expenditures are considered by some to be out of control...or are they? What seem to be the drivers of health care expenditures on the national level and what trends are evident? Health care reform is a big deal and can be quite taxing, literally and figuratively. Offer two ways that PPCA impacted our tax system.

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School: Cornell University



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Question 1

Health care costs a lot due to the increase of the insurance covers for the family
members’ .All the family members are insured and it is a compulsory. This increases the
expenditure of an individual since he has to insure all the family members. There has been an
increase in outpatient treatment. Patients have been seeking serious attention by the doctors at
their homes. The patients have to pay for the visit of the doctor. The doctor comes with
medicines which the patients have to pay. This increases the medical costs for a patient. There is
also an increase of prices for pharmaceutical drugs. The drugs which are sold at chemists are of
high price. The sellers aim at making profits exaggerating the prices. The manufacturers also sell
the drugs at a high price making it even more expensive to the patients.

Lack of transparency also increases healthcare costs. Those who operate at high levels in
public health sector sell government funded drugs to the private companies or private health
sectors. This has led to increase of prices of medicines in healthcare cen...

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